Official Journal of the City of New York - November 3, 2022
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Source: Official Journal of the City of New York
5393
VOLUME CXLIX NUMBER 212
TABLE OF CONTENTS
PUBLIC HEARINGS AND MEETINGS
Build NYC Resource Corporation5393
City Planning Commission5394
Board of Education Retirement System5396
Industrial Development Agency5396
Information Technology and Telecommunications5397
Landmarks Preservation Commission5398
Public Design Commission5398
Transportation5399
PROPERTY DISPOSITION
Citywide Administrative Services5402
Environmental Protection 5402
Housing Preservation and Development 5402
PROCUREMENT
Citywide Administrative Services5402
Administration 5403
Comptroller5403
Asset Management 5403
Education5403
THURSDAY, NOVEMBER 3, 2022
Environmental Protection 5403
Fire Department5403
Bureau of Health Services 5403
Housing Authority5403
Procurement5403
Human Resources Administration 5404
Information Technology and Telecommunications5404
Management and Budget5404
Parks and Recreation5404
Capital Program Management 5405
School Construction Authority5405
Contract Administration5405
CONTRACT AWARD HEARINGS
Parks and Recreation5406
AGENCY RULES
Civil Service Commission5406
Loft Board 5409
SPECIAL MATERIALS
City Planning5465
Design and Construction 5466
Office of the Mayor 5467
Changes in Personnel5468
PUBLIC HEARINGS AND
MEETINGS
See Also: Procurement; Agency Rules
BUILD NYC RESOURCE CORPORATION
PUBLIC HEARINGS
The Build NYC Resource Corporation the Corporation, is a not-for-profit local development corporation organized under Sections 402 and 1411 of the Not-for-Profit Corporation Law of the State of New York. In accordance with the aforesaid law, and pursuant to its certificate of incorporation, the Corporation has the power to issue non-recourse revenue bonds or notes and to make the proceeds of those
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THE CITY RECORD
E RIC L. ADAMS
Mayor
DAWN M. PINNOCK
Commissioner, Department of Citywide Administrative Services
JANAE C. FERREIRA
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bonds or notes available for projects that promote community and economic development in The City of New York the City, and to thereby create jobs in the non-profit and for-profit sectors of the Citys economy. The Corporation has been requested to issue such bonds and notes for the financings listed below in the approximate dollar amounts respectively indicated. As used herein, bonds or notes are the bonds or notes of the Corporation, the interest on which may be exempt from local and/or state and/or federal income taxes; and, with reference, to the bond or note amounts provided herein below, approximately shall be deemed to mean up to such stated bond or note amount or a greater principal amount not to exceed 10% of such stated bond or note amount. All other amounts and square footage amounts and wage information shown below are approximate numbers.
Borrower Name: Friends of Ascend Charter Schools Inc., as borrower the Borrower, a New York not-for-profit corporation and support organization formed to further the mission of Ascend Charter Schools, a New York not-for-profit education corporation, both of which are exempt from federal taxation, pursuant to Section 501c3 of the Internal Revenue Code of 1986, as amended. Financing Amount: $25,000,000
of bonds the Bonds, a portion to be issued as tax-exempt qualified 501c3 bonds to finance educational facilities under Section 145 of the Code. Project Description: Proceeds of the Bondswill be used to refinance: i $10,698,808 outstanding balance of a taxable loan that was funded in the original amount of $12,500,000, proceeds of which were used to finance the cost of renovations, improvements and equipment in the amounts of a $3,575,907 with respect to a 38,146
square foot Canarsie Middle School building located, at 744 East 87th Street, Brooklyn, NY, and serving students from Grades 5 through 8, b $4,305,398 with respect to a 33,242 square foot Cypress Hills Elementary School building located, at 396 Grant Avenue, Brooklyn, NY, serving students from kindergarten through Grade 4 and c $4,168,285 with respect to a 30,816 square foot Central Brooklyn Middle School building, located at 1886 Nostrand Avenue, Brooklyn, NY, serving students from Grades 5 through 8, ii $10,080,081 outstanding balance of a taxable loan that was funded in the original amount of $10,177,406, proceeds of which were used to finance the cost of renovations, improvements and equipment in the amounts of x $4,152,643 with respect to a 23,765 square foot East Flatbush Elementary School located, at 870 Albany Avenue, Brooklyn, NY serving
